November 27, 2018 / 8:04 AM / 14 days ago

Italy - Factors to watch on Nov. 27

The following factors could affect Italian markets on Tuesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

POLITICS

The Italian government is sticking to its main 2019 budget goals for now as it awaits a full cost analysis of its most important spending measures for next year, coalition leaders said on Monday.

There is no reason to change the structure of Italy’s 2019 budget law, the head of the Italian senate’s finance committee said on Tuesday.

ECONOMY

ISTAT releases November consumer and business confidence data (0900 GMT).

DEBT

Treasury sells 2.0-2.5 billion euros CTZ bonds due Nov. 27, 2020 and 0.5-1.0 billion euros 0.10 percent BTPei bonds due May 15, 2023. Subscriptions close at 1000 GMT.

Italy will offer up to 5.5 billion euros over four bonds at auction on Dec. 29.

Italy has canceled its mid/long-term Dec. 13 auction on lower funding needs.

(*) BANKS

Morgan Stanley has cut its target prices on several Italian banks.

(*) POSTE ITALIANE

CEO Matteo Del Fante told Corriere della Sera in an interview the Italian post office on Monday had hit an all-time record delivering more than 1 million parcels in a single day, after 2.3 million parcel deliveries the previous week.

(*) BANCA CARIGE, CREDITO VALTELLINESE

Giampiero Maioli, chief executive of Credit Agricole Italy, was quoted as saying in La Stampa that the bank would back the depositor guarantee fund’s rescue of Carige.

He also reiterated that Credit Agricole could exercise the option it has to up to double a current 5 percent stake in Creval provided there are further industrial partnerships between the two banks.

(*) LUXOTTICA, ESSILORLUXOTTICA

Luxottica founder Leonardo Del Vecchio’s choice to propose Francesco Milleri as CEO of the merged group meets with opposition from the French side of the company, MF reported citing consultancy, industry and financial sources.

IREN

Iren shareholder Finanziaria Citta di Torino Holding said it had placed 2.5 percent of the utility at 1.85 euros per share.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

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